Eurozone debt crisis fails to halt benchmark European Union trade
Lead managers Barclays Capital, Crédit Agricole, DZ Bank, Goldman Sachs and JPMorgan snap up a Euromoney Deals of the Year 2011 award, after the bumper €4 billion benchmark transaction.
These commodity- and energy-sector transactions exude a confidence that could not be further removed from the relentless pessimism of the European debt markets – last year’s reluctant lead story in the capital markets.
The eurozone debt crisis dominated everything in the second half of the year and when the European Union decided to tap the market for €4 billion in September, some in the market doubted that a 15-year deal could get done.
Lee Cumbes, managing director at Barclays Capital in London, says:
And Herbert Barth, borrowing adviser at the EU, adds:
For full details and the story behind this deal, click here